Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.
Long AUD/USD limit order at 0.9241 if the price reaches this level before Midnight GMT tonight, i.e. before Thursday, September 12, 2013.
Take 75% of the position as profit at +20 pips, move the stop to break even, and allow the remainder to run until 0.9299.
